ATLASFederated Hermes Enhanced Income ETF (PAYR): outlook, holdings and fees
Federated Hermes Enhanced Income ETF (PAYR) is an exchange-traded fund and is managed by Federated. The expense ratio is 39.48%. The ten largest holdings are 32% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PAYR
| Last price | $57.07 (+0.9%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $55.86 – $58.88 |
| Normal 1-day range (±1σ) | ±0.9% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
PAYR fund facts
| Issuer | Federated |
|---|---|
| Theme | Bonds (broad) |
| Assets under management | $78.9M |
| Expense ratio | 39.48% |
| Number of holdings | 43 |
| Inception | Oct 7, 2025 |
| Exchange | CBOE |
The fund manager pursues its investment objective by investing primarily in high dividend-paying common stocks with dividend growth potential along with an options overlay strategy. The fund generally invests in high dividend-paying large-cap or mid-cap stocks of U.S. issuers, and may also hold foreign stocks, including depositary receipts.
PAYR top holdings
| Holding | Sector | Weight |
|---|---|---|
| U.S. Bancorp USB | Financial Services | 3.76% |
| Paychex Inc PAYX | Technology | 3.50% |
| TotalEnergies SE ADR TTE | Energy | 3.46% |
| Medtronic PLC MDT | Healthcare | 3.10% |
| Verizon Communications Inc VZ | Communication Services | 3.25% |
| British American Tobacco p.l.c. BTI | Consumer Defensive | 3.24% |
| Pfizer Inc PFE | Healthcare | 2.96% |
| Enbridge Inc ENB | Energy | 2.67% |
| Sanofi ADR SNY | Healthcare | 2.88% |
| Regions Financial Corporation RF | Financial Services | 2.72% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PAYR sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 16.8% |
| Utilities | 16.6% |
| Consumer Defensive | 15.6% |
| Energy | 11.9% |
| Healthcare | 11.3% |
| Real Estate | 9.8% |
| Technology | 7.7% |
| Consumer Cyclicals | 5.1% |
| Communication Services | 4.3% |
| Industrials | 0.9% |
By region: North America 83.4%, Europe Developed 9.1%, United Kingdom 7.5%.
PAYR returns and risk
| Year to date | +11.2% |
|---|---|
| 1 year | +15.6% |
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
PAYR: frequently asked questions
What does PAYR invest in?
Federated Hermes Enhanced Income ETF invests in a portfolio of securities. Its largest holdings are U.S. Bancorp (3.8%), Paychex Inc (3.5%), TotalEnergies SE ADR (3.5%), Medtronic PLC (3.1%), Verizon Communications Inc (3.3%).
What is the PAYR expense ratio?
39.48% a year: about $3,948.00 for every $10,000 invested.
Will PAYR go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $55.86 to $58.88 from $57.07 today. It is a probability, not a prediction.
How has PAYR performed?
Year to date +11.2%, one year +15.6%. Past returns do not guarantee future results.
Similar ETFs: Bonds (broad)
- Vanguard Total Bond Market ETF (BND)
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- Vanguard Short-Term Bond ETF (BSV)
- JPMorgan Equity Premium Income ETF (JEPI)
- JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
- Vanguard Intermediate-Term Bond ETF (BIV)
- NEOS S&P 500 High Income ETF (SPYI)
- Dimensional Core Fixed Income ETF (DFCF)
Educational information, not investment advice. Disclaimer